Dean Thompson
Cell:250-898-4777
Office:250-339-2021
Toll Free:888-829-7205

Comox Valley Real Estate - May 2022 Statistics

Has the market peak passed? In April, we have seen several signs that the market has peaked, including; increased listings, fewer sales and more price reductions. The average price of a detached home was also lower than previous months.


Current Statistics:

  • The average sale price of a detached home in April 2022 was $910,200; down 6% from last month.

  • Active residential listings were up 25% from last month (117 vs. 94 listings).

  • It currently takes an average of 18 days for a residential home to sell; this is 29% slower than last year at this time.

For detailed information, visit Comox Valley Real Estate Statistics or contact me directly. 


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          Bank of Canada raises interest rates by 0.5%

          On April 13th, the BOC raised interest rates by 0.5% - this is the largest rate hike since 2017.  Anyone with a variable rate mortgage will now be paying more, those seeking new mortgages will not qualify for as much as previously. 


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          50/50 Raffle - Habitat for Humanity + RE/MAX 

          Myself and all other RE/MAX agents in the Comox Valley are helping to promote a monthly 50/50 draw with a guaranteed payout of $5,000! The promotion will help raise funds for Habitat for Humanity and its affordable housing initiative. For more information and how to participate, go to: https://www.habitatnorthisland.com/giving/online-5050-raffle/  


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          MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.